Bill > HB80

This bill makes the angel investment credit refundable, increases the amount of the credit from 25% to 50% of the qualified investment (up to $62,500), and raises the aggregate cap in credits per calendar year from $2 million to $10 million. It also expands the definition of a "qualified business" to include businesses with up to $10 million in gross annual revenue (previously $5 million). The provisions of the bill apply to applications for the angel investment credit for qualified investments made on or after January 1, 2022.

Budget and Finance, Business and Industry

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=80&year=22